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Analysts Offer Insights on Real Estate Companies: Ellington Financial (EFC), Alexander & Baldwin (ALEX) and Essex Property (ESS)

Tipranks - Tue Mar 3, 6:44AM CST

Analysts have been eager to weigh in on the Real Estate sector with new ratings on Ellington Financial (EFCResearch Report), Alexander & Baldwin (ALEXResearch Report) and Essex Property (ESSResearch Report).

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Ellington Financial (EFC)

Piper Sandler analyst Crispin Love maintained a Buy rating on Ellington Financial today and set a price target of $15.00. The company’s shares closed last Friday at $12.42.

According to TipRanks.com, Love is a 4-star analyst with an average return of 6.9% and a 55.2% success rate. Love covers the Financial sector, focusing on stocks such as Ellington Residential Mortgage, Northpointe Bancshares, Inc., and Virtus Investment Partners. ;'>

Currently, the analyst consensus on Ellington Financial is a Moderate Buy with an average price target of $15.00, which is a 20.9% upside from current levels. In a report issued on February 27, Maxim Group also reiterated a Buy rating on the stock with a $15.00 price target.

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Alexander & Baldwin (ALEX)

Piper Sandler analyst Alexander Goldfarb maintained a Hold rating on Alexander & Baldwin today and set a price target of $21.00. The company’s shares closed last Friday at $20.79.

According to TipRanks.com, Goldfarb is a 3-star analyst with an average return of 1.5% and a 48.4% success rate. Goldfarb covers the NA sector, focusing on stocks such as Innovative Industrial Properties, Curbline Properties Corp., and Hudson Pacific Properties. ;'>

Currently, the analyst consensus on Alexander & Baldwin is a Hold with an average price target of $20.95.

Essex Property (ESS)

In a report released today, James Feldman from Wells Fargo maintained a Hold rating on Essex Property, with a price target of $268.00. The company’s shares closed last Friday at $255.11.

According to TipRanks.com, Feldman is a 2-star analyst with an average return of 0.2% and a 50.2% success rate. Feldman covers the NA sector, focusing on stocks such as Hudson Pacific Properties, First Industrial Realty, and Mid-America Apartment. ;'>

Currently, the analyst consensus on Essex Property is a Hold with an average price target of $282.40, representing an 8.7% upside. In a report issued on February 27, Raymond James also downgraded the stock to Hold.

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